#USA #Texas #Josip Heit #Apertum Foundation #Texas Securities

Apertum Foundation and Josip Heit Achieve Legal Victory

Apertum Foundation, known for its innovative digital asset technology, and its chief advisor Josip Heit have recently emerged victorious in a significant legal battle against the Texas Securities Board. This landmark win came after the board had initially issued a cease-and-desist order, alleging that Apertum’s native cryptocurrency token was an unregistered security. The dismissal of all claims against the Foundation and Heit not only clears their names but also validates their assertion that the token does not constitute a security under U.S. federal and Texas securities law.

The legal firm Quinn Emanuel Urquhart & Sullivan, LLP represented the Foundation in this litigation. Avi Perry, co-chair of the firm’s Securities Litigation Group, remarked, “This dismissal is a tremendous victory for the Apertum Foundation and Mr. Heit. The case should never have been brought in the first place, and we diligently fought to achieve this correct outcome. The Texas Securities Board's accusations were unfounded, and we are pleased that they have recognized their error by completely withdrawing the cease-and-desist order.”

Josip Heit expressed his contentment regarding the ruling, stating that “from day one, the Apertum Foundation has provided a secure, compliant platform along with cutting-edge technology. We pledged to defend ourselves vigorously against the Texas Securities Board's erroneous claims, and now this dismissal affirms that we have done nothing wrong.” He continued, emphasizing the Foundation's commitment to delivering transformative technology while upholding applicable laws in every jurisdiction they operate.

The Texas Securities Board had initially claimed that Apertum's token was an unregistered security in April 2025, but Quinn Emanuel contested this order, arguing it was an overreach of the board's jurisdiction. Their legal strategy rested on the assertion that neither the Apertum token nor the DeFi platform, DAO1, constitute or involve an investment contract as defined by securities laws.

This ruling is not just a win for the Apertum Foundation and its advisors, but it also echoes the broader conversation regarding the evolving landscape of cryptocurrency regulations. As the digital asset landscape grows, so too does the scrutiny under which companies operate, requiring clarity and compliance with existing laws.

Quinn Emanuel, renowned for its expertise in handling high-stakes litigation, brings to the table a wealth of experience. The firm has litigated over 2,500 cases, achieving an impressive success rate of 86%. This vast knowledge and expertise were crucial in navigating the complexities of this case.

Apertum Foundation’s legal victory is seen as a step toward establishing a precedent for how similar cases may be interpreted in the future, potentially offering a more favorable environment for other digital asset developers. To further solidify their standing, the Foundation is committed to continuing its collaboration with legal advisors to ensure compliance as they innovate and grow in the digital space.

In conclusion, the legal battle with Texas regulators has not only established a key victory for Apertum Foundation and Josip Heit, but it also highlights the ongoing challenges that digital asset enterprises face. As the industry evolves, firms must be vigilant and adaptive to regulatory changes while ensuring that they continue to offer secure and compliant services to their users. The Apertum Foundation stands ready to lead in this dynamic environment, remaining dedicated to its mission of providing cutting-edge digital asset technology.